XRP wallets holding at least 1 million XRP have surged to over 1,900 in number amid the growing interest in XRP following the lawsuit victory.
Following the recent legal victory, XRP has seen a significant increase in demand, prompting investors to bolster their holdings. As a result, the number of XRP wallets holding at least 1 million tokens has surpassed 1,900, according to real-time on-chain data provided by XRPL analytical platform Rich List.
These wallets holding at least 1 million XRP amount to 1,988 in total. Notably, 1,451 of these wallets, constituting 72% of the mentioned figure, hold balances ranging between 1 million and 5 million XRP. Their collective balance amounts to an impressive 2.69 billion XRP valued at $2.08 billion.
Similarly, 172 wallets hold between 5 million and 10 million XRP, accounting for a cumulative balance of 1.19 billion XRP. In addition, 150 wallets have balances ranging from 10 million to 20 million XRP, while 56 wallets contain between 100 million and 500 million XRP.
However, despite the growing demand, wallets with balances above 500 million XRP have not experienced a notable increase. There are currently 23 wallets with holdings ranging from 500 million XRP to 1 billion XRP, and merely four accounts hold balances exceeding 1 billion XRP, most likely representing exchange wallets.
Other XRP Ledger Metrics
Further reinforcing this optimistic trend, additional data from Rich List reveals that XRP wallets containing at least 3,521 XRP have surged to 470,530, encompassing the top 10% of holders. Meanwhile, the top 1% comprises 47,053 holders, each possessing 69,956 XRP or more.
It is essential to mention that the total number of wallets holding XRP now stands at 4,705,298, as per on-chain data. Following an unprecedented drop to 4,659,167 in mid-June, the wallet count has rebounded. This drop was likely due to Poloniex deleting over 85K XRP wallets.
Wallet count has now seen a marked uptick, with balances on addresses gradually increasing. This trend suggests an accumulation pattern among investors, as XRP garners considerable attention from the broader crypto community.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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